Mill Creek Residential has broken ground on Amavi Coddle Creek, a three-phase master-planned community in Mooresville, North Carolina, a Charlotte suburb. This marks the developer’s entry into the single-family build-to-rent sector. It had announced the launch of its single-family, build-to-rent brand, Amavi by Mill Creek, in December.
The firm, a leading developer and operator of rental communities, will develop the first two phases of the community, with the first move-ins anticipated for summer 2023. The master plan is slated to include 504 homes, with Mill Creek’s two phases comprised of 169 townhomes and 70 duets.
“We’re eager to expand our presence in the Charlotte market and officially enter the single-family rental market with our new brand, Amavi by Mill Creek,” said Callum Parrott, president of single-family rentals for Mill Creek. “We believe the area has favorable characteristics for strong single-family rental demand, including a diverse employment base and accessible retail and services. Amavi Coddle Creek will be a unique product type for the area, and we look forward to offering a best-in-class experience to our future residents.”
Read More
